一季度全球硫黄需求预计不会复苏

据ICIS网站12月30日伦敦报道 明年一季度硫黄市场将面临压力，预计下游需求疲弱、库存高位仍将是该行业的一大特点。

目前，中国各港口的硫黄库存总量约为230-250万吨，几乎是正常水平的两倍，这是因为2019年间下游磷酸盐行业的消耗量减少。

预计磷酸二铵（DAP）市场在下一季度将进一步走弱。

本周在新德里举行的印度肥料协会（FAI）年会期间，一家硫黄生产商表示，由于磷酸盐前景疲弱，预计未来6个月价格将继续呈下降趋势。

中国磷酸盐生产大部分时间保持在50%-55%的产能水平，因此对原料硫的需求较少。

一位中国买家表示，过去两个月，该公司没有进口硫黄，因为在国内市场购买硫黄要便宜得多。因此，由中国为主导的进口价格已跌至2009年的水平。

王磊 摘译自 ICIS

原文如下：

OUTLOOK ’20: Global sulphur demand not expected to recover in Q1

The sulphur market will come under pressure in the first quarter, with weak downstream demand and high inventories expected to remain a feature of the sector.

Sulphur inventories at ports in China currently total around 2.3-2.5m tonnes, nearly twice as much as the amount considered a normal level. This is because of reduced consumption from the downstream phosphates industry during 2019.

There are expectations that the diammonium phosphate (DAP) market will weaken even further next quarter.

On the sidelines of the Fertilizer Association of India (FAI) annual conference in New Delhi this week, a sulphur producer said it expects prices to continue on a downtrend for the next six months due to the weak phosphates outlook.

The production of phosphates in China has remained at 50-55% of capacity for most of the year, resulting in less requirement of feedstock sulphur.

A Chinese buyer said that it has not imported sulphur in the past two months because it is much cheaper to buy in the domestic market. As a result, the bellwether China import price has fallen to levels last seen in 2009.